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20130114
20130114
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CSPAN
Jan 14, 2013 12:00pm EST
without doing severe damage to the economy. we're not going to put ourselves in a position where, in order to pay for the spending we have already incurred, where the two options are we were way to either profoundly hurt the economy, hurt seniors, hurt kids trying to go to college or we will blow up the economy. we will not do that. not whatever congress does. they will have to send me something that is sensible. we should not be doing this in a one-three month time when. why should we do that? where the united states of america. we cannot manage our affairs in such a way that we pay our bills and provide certainty in terms of how we pay our bills? look. i do not think anyone would consider my position on reasonable. major, i am happy to have a conversation about how we reduce our deficits. i'm not going to have a monthly or every three months conversation about whether or not we pay our bills. that in and of itself does severe damage. even the threat of default hurts our economy. it hurts our economy as we speak. if we want to have a conversation about how to reduce our deficit, let
CSPAN
Jan 14, 2013 5:00pm EST
, giving too much money into many loans purses to few. banks are important part of the economy and the finance new job growth and the ability of people to buy a home, which is the largest single investment that they will make. we really need for them to be there to help the consumers and businesses finance their operations. the balancing act is not being too strict so that they will draw in and not land but not being too lax. that is a fine line. we shall we shallthe cfpb has achieve that with these rules. financial institutions will complain about any regulation because they did not want to be subject to kinds of rules that instruct them in how to do their business. when you read the complaints from the financial industry, i would say we have to take some of those with a grain of salt. host: gretchen morgenson is the "the new york times" assistant business and financial editor. she was co-author of "reckless endangerment.' guest: who basically were the interco parties in creating the crisis decades later. host: don is next from clifton, virginia. caller: a good time to segue the early
CSPAN
Jan 13, 2013 9:35pm EST
shocked the global economy, the rest of the world disdains the united states for the actions it has taken. if you look at the other contending forces, the unexpected consequences of the gop tectonics' strategic shift that you will get -- geotectonic shift that you get will not be meet. it will not be in a defined box like when you have no real collision. it is a destructive global event and we need to be clear what those consequences are. i think you will hear that from him when he gets -- gives testimony in the senate. host: this is in "the new york times on the magazine's report of none of this works, the president will use military power against iran. i am sure of it. guest: i think he has had conversations we have not had with the president and he has that understanding. this is not a president who want to be remembered as having been an appeaser. i do think if it moved to that level, and i do not think we are there yet, the president will probably initiate force. host: there is this from one of our viewers saying that obama knows at least one of his nominees will have to go dow
Search Results 0 to 2 of about 3